Archive · 3 Aug 2026
Bagadia Recommends Five Breakout Stocks for August 3
The Indian stock market had a good day on July 31, with the main indices, Sensex and Nifty 50, going up.
A market expert named Sumeet Bagadia said the market looks strong and gave his favorite stocks to buy for the next day.
He picked five companies: New India Assurance, GAIL, Jio Financial Services, Ramkrishna Forgings, and Cholamandalam Investment.
For each, he gave a target price and a stop‑loss price to help investors manage risk.
He also talked about support and resistance levels for the overall market, which are like safety nets that help traders decide when to buy or sell.
Overall, the market feels positive and could keep going up if it stays above certain price levels.
Sensex rose 0.21% to 78,094.64 and Nifty 50 climbed 0.27% to 24,383.60 on July 31, 2026.
Bagadia noted bullish momentum with an RSI of 59.21, VIX at 11.75, and PCR of 1.14, citing support at 24,200–24,250 and resistance at 24,500–24,550.
Bank Nifty ended at 57,264.85, remaining range‑bound and needing a breakout above the 20‑EMA to strengthen its bullish stance.
Bagadia recommends five breakout stocks for August 3: New India Assurance, GAIL, Jio Financial Services, Ramkrishna Forgings, and Cholamandalam Investment, each with target and stop‑loss levels.
The overall market bias is described as sideways to bullish, with key support and resistance zones identified for both the index and the recommended stocks.
- Who
- Sumeet Bagadia, Executive Director at Choice Broking
- What
- Stock market update and five breakout stock recommendations
- When
- Market session on July 31, 2026; recommendations for August 3, 2026
- Where
- Indian stock market (Sensex, Nifty 50, Bank Nifty)
- Why
- Positive technical indicators and market momentum suggest bullish opportunities
- Sensex closing
- 78,094.64
- Nifty 50 closing
- 24,383.60
- Bank Nifty closing
- 57,264.85
- Bagadia's RSI
- 59.21
- VIX
- 11.75
- PCR
- 1.14
- Recommended stocks
- 5
- Target price range
- varies per stock